Stock market declines below 7,000-level; peso almost unchanged
MANILA - The Philippine Stock Exchange index (PSEi) continued to suffer amid fears among investors from possible impacts of the Omicron variant as it plunged from the 7,000-level at the start of the month. The PSEi shed 253.82 points, or 3.53 percent, to end Wednesday trading at 6,947.06. All shares plummeted by 103.75 points, or 2.70 percent, to 3,734.38. "Philippine shares suffered one of the biggest losses of the year as Omicron fears continue to rule market sentiment," Regina Capital Development Corp. managing director Luis Limlingan said. Limlingan added PSEi followed the tradin...
Source: philippinetimes.com